This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose a graph is drawn to show a consumer's preferences for football tickets and basketball ... (Read 46 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
Suppose a graph is drawn to show a consumer's preferences for football tickets and basketball tickets. The quantity of football tickets is measured on the horizontal axis. If the price-consumption curve is horizontal when the price of football tickets changes, then
 
  A) football tickets are an inferior good.
  B) the demand for football tickets is perfectly elastic.
  C) the demand for football tickets is unit elastic.
  D) the demand curve for football tickets will be horizontal.

Question 2

An increase in the price of a good causes
 
  A) a change in the slope of the budget line.
  B) an increase in the consumption of that good.
  C) a rightward shift of the demand curve for that good.
  D) a parallel rightward shift of the budget line.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ansleighelindsey

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jul 1, 2018
Wow, this really help

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

A lilac, orange and white Satin Peruvian guinea pig (show-length coat) A lilac, orange and white Satin Peruvian guinea pig (show-length coat)
Headless football player Headless football player
State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below. State the transformations on the function f(x)= 4sin(x-pi)-2 and then graph two cycles below.
How to find the phase shift from a graph? How to find the phase shift from a graph?
Barenboim's study show the change in children's descriptions of their peers Barenboim's study show the change in children's descriptions of their peers
Sketch the graph using the tables providing. Determine if each function is continuous or ... Sketch the graph using the tables providing. Determine if each function is continuous or ...
Video: Negative Feedback Regulation of Blood Pressure

For a complete list of videos, visit our video library